| | | Ehereum is at $380 this morning, while Bitcoin whas down 20% yesterday, The relative value trade has been long Ethereum / short bitcoin.
coinmarketcap.com

The bigger theme was the the time turning point on Friday's 06/09/17 Full Moon and the other cycle turning points calibrated to June 9th. with NVDA, the FANG and the NDX having the fastest correction back to toward the 50 dma since brexit.
The UK election was again a trigger.... as well, even though it was widely discounted by the talking heads on Bloomberg , CNBC and in print and online in the WSJ, Reuters, Bloomberg etc.
hence the astro chart from June 6th focusing on on 06/09/17 .......
Message 31135710
| To: richardred who wrote (19308) | 6/6/2017 2:43:29 AM | | From: John P | 1 Recommendation Read Replies (2) of 19396 | | | Hi Richard,
a few thoughts on Goldman Sachs and John Paulson
Message 31135691
and a look at the astro set up for June 9th 2017
what I find interesting regarding the current astro setup is that beautiful set big blue perfect triangle with Saturn in near the zenith at 25 sagittarius....Saturn is coming out of the trin with Venus and heading into a trine with Uranus. and both Sarturn and Uranus are creating a beautiful triangle with the North Node in 27 Leo.
Saturn, Uranus and Jupiter govern most of the really really important long term cycles in the stock market, from quite a number of Astro researchers .... So I always like to pay attention to where they are and when they active squares, oppositions, trines, conjunctions and where the Sun and North Node are.
Mecury and venus trigger shorter term cycles. and turns....Mars of course creates action and forceful... sometimes warlike behavior.
The biggest deficiency of the app is that it does not show the planets in Retrograde on the whell.
and also the upcoming events are keyed off the interval setting on the right which is done on a weekly basis...not on fine tuned to each date you put in.

JP
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and we have been talking about NVDA for but when the WSJ had that blog on Thursday and then Jim Cramer was on CNBC at 9:27 he was taking credit for inventing the phrase "Twitch and Switch" regarding AMD and NVDA.... but he was pounding the table on NVDA.
They ring a bell at the market turns just like they do every day @ 9:30 AM when the NYSE opens.
| To: Don Green who wrote (19370) | 6/9/2017 4:03:43 AM | | From: John P | 1 Recommendation Read Replies (1) of 19396 | | | Can Shares of Nvidia have more than doubled in the past seven months. Now one Wall Street analyst is making the case for why they could double again.The chip maker was up 2.3% to $152.50 early Thursday. Over the past year, it gained 230% , the most by far of any S&P 500 company. Now Citigroup analyst Atif Malik thinks the stock can go to $300.

In a note to clients Thursday, he raised his price target on Nvidia’s stock from $145 to $180 — the highest of any of the 30-plus analysts surveyed by FactSet — and laid out the bull case for why the stock price could double.
The rise in Nvidia’s shares in recent years has come as its sales of chips for data centers, artificial intelligence, autonomous driving and gaming have grown. Nvidia was trading at about $20 two years ago and about $45 just one year ago before investors started flocking to the expanding graphics processing unit producer.
“Nvidia continues to transform itself from a PC to a diversified gaming, data center, and auto software platform and is benefiting from secular trends such as VR/AR, deep learning, AI, and autonomous driving,” Mr. Malik wrote.
Demand for chips in these areas is expected to remain hot with tech giants like Google-parent Alphabet Inc., Microsoft and Amazon.com spending billions on huge networks powered by artificial intelligence.
Nvidia is currently trading at about 47 times Wall Street’s projected earnings for the next 12 months. Analysts and investors, though, don’t seem ready to bail on the stock. More than half of the analysts surveyed by FactSet have had buy or overweight ratings since March on the company. The proportion of bullish analysts has increased gradually in the past two years, aside from a small dip earlier this year. Mr. Malik notes that Nvidia is a leader in graphics processing units for deep learning.
He adds that one of its systems is used by more than 80 car makers, suppliers and research centers developing autonomous vehicles and that its GeForce brand is the most popular among PC gamers.
One of the only factors keeping Mr. Malik from posting an even higher price target than $180? The other semiconductor companies that are up more than 30% this year.
“Increasing competition from both semiconductor peers and cloud management platform providers internal AI chip efforts poses risk to NVDA’s outsized sales growth,” Mr. Malik wrote.
http://blogs.wsj.com/moneybeat/2017/06/08/can-nvidias-shares-double-to-300/
NVDA is an essential company, however these type of headlines is the type of thing that lets us know what kind of market environment we are in.
John |
So the markets are what they are......
John |
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